Michigan is the canary in the mine.
Michigan is the canary in the mine.
Originally Posted by Williamsmith
At the best of my understanding the Canadian banking system is structured differently and had their own regulations different in nature but having the effect of limiting their exposure to sub-prime loans within their own bank structure. This article is from a reasonably neutral source and gives a nice account in better detail than I'm able. https://www.richmondfed.org/~/media/...f/feature2.pdf
I could see replacing our bank system to one like Canada's with similar regulations instead of bringing Glass-Steagal back to our bank system, but that's not likely to happen and might even speak positively of their social democracy in providing a more secure banking system.
Last edited by Rogar; 1-26-16 at 10:38pm.
I retired in 2010. Prior to 2007 law enforcement at all levels were being trained in mortgage fraud investigation. I was a part of that training. It was the Wild Wild West in those days. Banks were taking great advantage of the lack of oversight. Mortgages were being issued on houses that were never built, on houses that were built with no intention of ever being sold, on houses for fictitious people. Building contractors were making killings on houses that were built below grade specifications because inspectors were being paid to not show up at the job site. Real estate agents were selling houses they knew were not properly inspected and were appraised at higher values by corrupt appraisers. Law enforcement couldn't keep up to the demand for criminal investigation. The banks never checked on the security of their investment. The collapse happened because of lack of oversight and then of course the tax payers ......us got screwed again.
We are in the same boat with education and the auto industry. The turmoil caused by all this is reflected in the the volatility of our markets. It is pure greed and it will be laid on the heads of our kids and our kids kids.
The person being the natural prey of the People?
Its not too far fetched to classify roads, public schools and state universities, the military, national parks, etc. as socialist institutions. In reference to the OP and in the light of the current political climate "socialist" and "socialism" are really nothing more than sound bites for talking heads and no scarier than "social media". "Redistribution" OTOH is an relatively innocuous little term that has a fairly widely accepted definition. One can certainly exist without the other and, in the case of the examples above, already does. My vote will be cast with the hope of avoiding policies of direct redistribution (among other things), but no real consideration regarding the candidate's ranking on a hypothetical socialist scale.
"Back when I was a young boy all my aunts and uncles would poke me in the ribs at weddings saying your next! Your next! They stopped doing all that crap when I started doing it to them... at funerals!"
What does this illustrate?
And most Republicans would prefer to eliminate or privatize all of these.
I have yet to meet one of them. Why do they always want to talk about roads? You can be a conservative and still drive on roads. You just might prefer them to be locally controlled rather than have the Federal All-Father dictate the placement of every pebble involved. It would be a fringey conservative indeed who advocated privatizing the military.
There is a spectrum of public and private spheres of activity. The different between right and left is that the right is more suspicious than the left of government as the answer to any given problem.
Yes, you can be a conservative and still drive on socialist roads. But that would make one a Roads Socialist. One could identify as "Fiscally conservative, socially conservative, but roadly socialist."
Exactly! If socialism is good for the military, why shouldn't it be good for healthcare?
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